Common use of Source for Payment; Limited Recourse Clause in Contracts

Source for Payment; Limited Recourse. The 2022-A Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 2022-A Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 2022-A Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 2022-A Reference Pool from and after the related Cutoff Date. Recourse for the 2022-A Exchange Noteholder will be limited to the 2022-A Reference Pool.

Source for Payment; Limited Recourse. The 20222019-A B Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20222019-A B Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20222019-A B Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20222019-A B Reference Pool from and after the related Cutoff Date. Recourse for the 20222019-A B Exchange Noteholder will be limited to the 20222019-A B Reference Pool.

Source for Payment; Limited Recourse. The 20222021-A B Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20222021-A B Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20222021-A B Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20222021-A B Reference Pool from and after the related Cutoff Date. Recourse for the 20222021-A B Exchange Noteholder will be limited to the 20222021-A B Reference Pool.

Source for Payment; Limited Recourse. The 20222019-A Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20222019-A Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20222019-A Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20222019-A Reference Pool from and after the related Cutoff Date. Recourse for the 20222019-A Exchange Noteholder will be limited to the 20222019-A Reference Pool.

Source for Payment; Limited Recourse. The 20222021-A Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20222021-A Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20222021-A Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20222021-A Reference Pool from and after the related Cutoff Date. Recourse for the 20222021-A Exchange Noteholder will be limited to the 20222021-A Reference Pool.

Source for Payment; Limited Recourse. The 20222020-A Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20222020-A Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20222020-A Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20222020-A Reference Pool from and after the related Cutoff Date. Recourse for the 20222020-A Exchange Noteholder will be limited to the 20222020-A Reference Pool.